In a classic paper on the theory of conflict,* L. F. Richardson claimed that the proportion p

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In a classic paper on the theory of conflict,* L. F. Richardson claimed that the proportion p of a population advocating war or other aggressive action at a time t satisfies


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where k and C are positive constants. Speculative day-trading in the stock market can be regarded as aggressive action. Suppose that initially, 1/200 of total daily market volume is attributed to day trading and that 4 weeks later, the proportion is 1/100. When will the proportion be increasing most rapidly? What will the proportion be at that time?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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